The Nigeria Deposit Insurance Corporation (NDIC) has disbursed N1.48 billion to 10,312 depositors of failed microfinance banks, according to THISDAYLIVE. Managing Director/Chief Executive of NDIC, Mr. Thompson Oludare Sunday, stated this during a meeting in Abuja. He emphasized that service excellence, technology, and stronger processes are central to the corporation’s efforts to protect depositors. The NDIC plays a crucial role in safeguarding depositors’ funds in the event of a bank failure. This disbursement marks another significant step in upholding this responsibility. THISDAYLIVE
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